4/A: Chesapeake Utilities Executive Settles Tax Obligations with Stock After Performance Share Award
SEC Form 4/A
Kevin J. Webber, a Senior VP & Chief Development Officer at Chesapeake Utilities Corp, used 851 shares of common stock to cover tax liabilities following a performance share agreement.
Summary
- On February 20, 2024, Kevin J. Webber, a Senior VP & Chief Development Officer at Chesapeake Utilities Corp, disposed of 851 shares of common stock to satisfy tax obligations related to a performance share agreement.
- The shares were disposed of at a price of $105.05 per share.
- Following the transaction, Webber directly owns 9,232 shares of common stock and indirectly owns 445 shares through a 401k plan.
- This Form 4/A is an amendment to the original filing made on February 22, 2024, regarding the transaction.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and is common for executives receiving stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2024 | Date of stock disposal for tax liability. |
| 02/22/2024 | Date of original Form 4 filing. |
| 08/16/2024 | Date of signature on the report. |
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